Month: April 2021

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from MILC and our guest was Kartik Arora and Eugen Nussbaum. The AMA took place on 9 April.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Gold Rocket | Satoshi Club:
Hello, dear community!

Eugen Nussbaum:
Hello everybody and a happy Friday! ✌️

Gold Rocket | Satoshi Club:
We are very glad to conducting AMA with MILC!

D. | Satoshi Club:
Today our guests are @KartikArora99 and @WDWofficial_WillNotDMfirst !

Gold Rocket | Satoshi Club:
Today our guests are Kartik Arora – Project Lead @KartikArora99 and Eugen Nussbaum – Business Director @WDWofficial_WillNotDMfirst!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, Kartik and Eugen!

Eugen Nussbaum:
Thank you so much for having us here today! 🔥

Gold Rocket | Satoshi Club:
We are honored to have you here today😊

Kartik Arora | Will never DM first:
Hey guys,

Its a pleasure to be here with you guys! 👋😄

Gold Rocket | Satoshi Club:
Let’s start! 😊
Introduce yourself please. How did you get to be involved in crypto & MILC?

Kartik Arora | Will never DM first:
Sure!

Hey guys,
I am Kartik Arora. I have been working in this industry for more than 4 years now, and I have grown quite a good network since.

I have worked for quite a few projects while being in the background, and recently got a chance to be a contributor in MILC project. I will be leading the marketing front for MILC, and will use my well-established network to create most awareness about it.

Thanks for having me here today.
Looking forward to a great AMA session!

Eugen Nussbaum:
My name is Eugen Nussbaum: based in Munich, Germany. I am Business Director at Welt der Wunder, the brand and company behind the MILC project, since 2013. During this time i have seen pretty much all facets of the media and broadcast industry, from production, to buying/selling and broadcasting especially video content.

We always have been ahead with our vision of what we call “infotainment”. We are a very enthusiastic and innovative team of creatives, producers, developers and business dudes. Always curious and always open-minded.

It was natural for us, that since 2017, we have been working intensively on the opportunities that blockchain and crypto offer in our industry and are convinced that this technology is a game changer in this sector and for this reason we have opened up the project to the crypto world.

Gold Rocket | Satoshi Club:
You guys have a great background!👍👍👍

D. | Satoshi Club:
Indeed! could you tell us what is MILC all about? 😇

Gold Rocket | Satoshi Club:
And very nice memes btw😁

Eugen Nussbaum:
😊🥳

Kartik Arora | Will never DM first:
Sure,

MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game-changer for the entire media content industry.

It solves four fundamentally important challenges of the global media industry:

• Global availability,
• Discovery process for Buyers,
• Complex licensing,
• Early feedback from viewers.

MILC will ease up the licensing process, help in reducing the cost of generated content by removing middlemen, get early feedback on generated content directly from the consumers, and will make the content available all around the world in one go.

Simple but a long-awaited solution at one place! 👌

D. | Satoshi Club:
Btw did you know that they are running a MEME contest?👀

Eugen Nussbaum:
Exactly!
And furthermore the problem of international media license trade has been further intensified by the COVID-19 crisis. Even prior to that, the industry suffered from a very outdated approach to content license trading. Around the world, all of the major programming trade fairs have been canceled and won’t likely resume anytime soon. This results in less variety, less innovation and more and more repetitions. In addition the current climate debate is keeping the content industry in check. Due to the climate crisis, it is unsustainable for hundreds of thousands of media industry representatives to fly across the world every year to try to sell their content.

Currently, all relevant worldwide program trade fairs have been cancelled and their return in this form remains questionable. Prior to this time, it was practically a requirement for relevant program vendors or buyers to attend these trade fairs on a regular basis.

So we see a boost for our project in this crisis and this is why we are stepping on the gas and don’t want to wait any longer.

Eugen Nussbaum:
They are GIFs actually 😄

Gold Rocket | Satoshi Club:
Yes! I read an article as a medium. but unfortunately could not join. there was a wrong link on twitter🙈

Kartik Arora | Will never DM first:
Yes indeed!!

Here for the details guys: https://twitter.com/MILC_MLT/status/1377216945368526849?s=19 🥳🎊

D. | Satoshi Club:
Awesome! 👍

Gold Rocket | Satoshi Club:
Indeed😁

Gold Rocket | Satoshi Club:
Thanks for sharing!

Kartik Arora | Will never DM first:
5 IDO allocation spots to be given.
And we are also extending the deadline btw (news)!

Feel free to join guys!!

Eugen Nussbaum:
Oh no! Sorry for that!
We recently made some adjustmenst..

Due to several confusions regarding the abbreviation of the platform name “MILC” and the token ticker $MLT, we made some adjustments to our public appearances.

We have updated our Twitter (https://twitter.com/MILCplatform) & Telegram (https://t.me/MILCplatform) username to @MILCplatform 🎊

MILC Platform – Media Industry Licensing Content Platform

$MLT – Media Licensing Token

We hope you like our latest branding, & it brings more clarity with this modification! 🙌🎬

Gold Rocket | Satoshi Club:
Satoshi Clubbers join contest🚀

Eugen Nussbaum:
Yes please! Show us your creativity! 🎬

Kartik Arora | Will never DM first:
🥳🥳🎬🎬

Gold Rocket | Satoshi Club:
Thanks a lot for the clarification!😊

D. | Satoshi Club:
Thank you for the amazing intro! if you are ready we can open the first part of AMA?🥳

Kartik Arora | Will never DM first:
Yes lets go for it! 🙌

Eugen Nussbaum:
Let’s rumble! 🎉

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @victorogb
Through a careful run down of your roadmap, I noticed that MILC has been in the works for almost four years till date trying to build, grow and create the much needed awareness and buzz around the MILC brand with some major works still scheduled for Q1-Q4 2022. With all respect though, four years seems like a lot of time to still be building and fine-tuning around a project, especially with no formal launch and use of the project world wide. So why has it taken so long to build the MILC brand, what challenges were encountered along the way?

Kartik Arora | Will never DM first:
To make it clear,

MILC platform has been internally tested on 2 media broadcasting firms for years now: Welt der Wunder TV and Swiss TXT.

Welt Der Wunder:-

Website: https://www.weltderwunder.de/

Youtube: https://youtube.com/c/WeltderWunder

SwissTXT:-

https://www.swisstxt.ch/en/

We are not a start up project, we already have a working product. And our public launch is expected in just 3 months (or less).

So it is actually better for our supporters that we are launching our token near our Public Platform launch.
Welt der Wunder TV has 25 years of experience in this space, and MILC platform is being built to solve some of the hectic/recurring issues of the media industry.

We are highly confident that the MILC platform will get much adoption with its Public Launch!! 👌👌⚡️🎬

D. |Satoshi Club:
Yep, these companies are well-known 👍

Gold Rocket | Satoshi Club:
What cooperation with Welt der Wunder TV and Swiss TXT gave you.

Eugen Nussbaum:
Absolutely legitimate question! 😃
And indeed, how Kartik says, it’s really important to understand that we are not talking about a start up project, but we use the platform on both our networks on a daily basis. But also due to covid-19 the whole development got delayed, but now is the time to go the last mile!

Gold Rocket | Satoshi Club:
That sounds good! 👍

Kartik Arora | Will never DM first:
Welt der Wunder *is” the team behind MILC project!

And SwissTXT are our tech partners!

D. | Satoshi Club:
Thank you for clarify this 😁

Gold Rocket | Satoshi Club:
Thank you for helping us figure this out. 👍

Eugen Nussbaum:
We as Welt der Wunder bring 25+ years experience in producing, licensing and broadcasting content. Swiss TXT gave a push technical wise and out of that the idea of MILC arose really fast

Kartik Arora | Will never DM first:

• 

• 

😉😉😉

Eugen Nussbaum:
This Guy looks familiar to me 😄

D. | Satoshi Club:
And he has lots of subs 😉😁

Kartik Arora | Will never DM first:
Haha 🤣

Gold Rocket | Satoshi Club:
Thanks for the clear answer! ready for the next question?😉

Eugen Nussbaum:
👌🎬

Q2 from Telegram user @lukacy
You recently changed your token from $MILC token to $MLT. What was the major challenge that prompted you to change to a new one? Any improvement? There were some people holding the $MILC before the switch. How will this change favor the $MILC holders? The price of both tokens differs. Hope this in anywhere won’t affect the $MILC holders. Is there opportunity for swapping and how will it be done?

Gold Rocket | Satoshi Club:
Partially answered. But maybe you have something to add and also share your tokenomics😁

Eugen Nussbaum:
I am here to entertain and @KartikArora99 is the one to deliver information and clarification 😁😉

He’s not a man of short sentences😄

Gold Rocket | Satoshi Club:
Chill please😁👍

D. | Satoshi Club:
But this is a good thing, the more information from him, the less additional questions from us 🤣

Kartik Arora | Will never DM first:
So we had a fundraising round in 2018, but the team wasn’t able to raise the required amount to fund the development.

Instead of being in a stand-still state, the team worked on the development out of their own pocket and added many new features meanwhile.

Now we are having our fundraising round as it is the best time for us (Platform launch in just 3 months)!

For the previous investors, they will get their tokens in 1:50 ratio. Price is also changed accordingly so that it matches their investment amount and stand at no profit/loss situation.

Plus the tokens will be airdropped directly in their wallet and they won’t have to do anything, thus making it very convenient for our long-term supporters!! 😊🙌

Kartik Arora | Will never DM first:
I will try my best! 🤣🤣

Gold Rocket | Satoshi Club:
Yes! early birds all the grains will peck😉

Eugen Nussbaum:
You are doing great! 💪

D. | Satoshi Club:
So token swap already happened or it will happen soon?

Kartik Arora | Will never DM first:
Those investors will follow the new private sale release structure.

Some on TGE, and then vesting over few months for the remaining amount. 👌⚡️

Eugen Nussbaum:
TGE has not taken place yet, but we will announce the date soon. Just a few more weeks of patience from your side and intense weeks for us 😉

D. | Satoshi Club:
Ok, got it, thank you for great answers! 👍

Kartik Arora | Will never DM first:
🎬🎬🎬

Kartik Arora | Will never DM first:
Our pleasure!!

Gold Rocket | Satoshi Club:
Please do not forget to inform us about the launch at Satoshi Club🙏

Kartik Arora | Will never DM first:
Yes indeed!

SatoshiClub community is great and we will be happy to share updates with you guys! 💪

Gold Rocket | Satoshi Club:
And we really like you guys too 😁

Now everyone will like the next question, maybe? Or can you tell us about tokenomics?😉

Eugen Nussbaum:
Thanks a lot! This makes work real fun ! 😃

Kartik Arora | Will never DM first:
When it comes to numbers, images are the best!

Eugen Nussbaum:
I would say a picture is worth a thousand words👨‍🎨@KartikArora99

Kartik Arora | Will never DM first:
Total supply will be 200 million.

• 

• 

33.2 million will be our Initial Circulating Supply.

Eugen Nussbaum:
Kind of telepathic connection 😆👌

Gold Rocket | Satoshi Club:
Both of you are doing great! 👏👏👏😁

Gold Rocket | Satoshi Club:
Teamwork😁

D. | Satoshi Club:
Nice! and you have some burning mechanism as i know? 👀

Kartik Arora | Will never DM first:
Yes you got that right!

A certain percentage of each purchase happening on MILC platform will lead to a token burn.

The burn rate could also be changed through governance and voting with our platform launch, as MILC will be a community-driven project!

Eugen Nussbaum:
No coincidence that we have a video about this…unfortunately in german for you guys maybe…but thanks to MILCplatform soon in every language 😉🎬
https://www.youtube.com/watch?v=l6K5Vwetyvw

Gold Rocket | Satoshi Club:
Sounds great 👍

D. | Satoshi Club:
Thanks a lot guys for the detailed answers! ready for the next question? 😇

Kartik Arora | Will never DM first:
Lets go!! 🚀🚀

Eugen Nussbaum:
Just throw it in 😃

Q3 from Telegram user @Highpee
Two features that caught my attention is that you are going to implement AI-powered subtitling and AI-translation for the contents that will be available on your platform. How many languages will be supported by this innovation and what type of media content will the AI translation be able to capture? Will these features be readily available to content producers/ buyers as a free customizable feature or will it be an advance feature that you will only make available for consumption only after a premium or additional subscription is paid?

Gold Rocket | Satoshi Club:
How this question was asked in time😁

D. | Satoshi Club:
Good timing 👀

Eugen Nussbaum:
AI support is an essential feature in the platform when we talk about accessibility. We can’t expect every creator to deliver in different languages, but for buyers it’s mandatory to know what’s the story. So this has to be a free feature!

Kartik Arora | Will never DM first:
👌👌😉

Gold Rocket | Satoshi Club:
At whose expense is the banquet? Who pays for it then?😉

Eugen Nussbaum:
Right now english is the most widespread language and for this reason this is the easiest implementation, other languages will follow.

Eugen Nussbaum:
The platform will charge 10% of every transaction to be able to provide such services 😉

Gold Rocket | Satoshi Club:
This is a smart and forward-looking solution to the issue.👍

D. | Satoshi Club:
And your token will be playing some important role in this? 😉

Eugen Nussbaum:
But with growing use of the platform, we plan to decrease this fee!

Kartik Arora | Will never DM first:
👀👀👀

Kartik Arora | Will never DM first:
The token of MILC platform will be $MLT.

• MLT token will be used to pay for any purchase taking place on the MILC platform. MLT token represents a one-click-solution including contract signature, approval and payment.
• MLT token will also be used a governance token for community to propose and vote for changes in the platform features, or in token utility.
• The MILC platform will also act as a “Content Launchpad” where content creators can get funded for their work, and MLT token will be required to participate in that.
• And we will also support MLT token staking with our launch! 💪

Gold Rocket | Satoshi Club:
Does community activity affect the final product?

Eugen Nussbaum:
Submitted by a community member 😃

Eugen Nussbaum:

Gold Rocket | Satoshi Club:
Great job 👍

D. | Satoshi Club:
Nice! all in one platform !

Kartik Arora | Will never DM first:
That’s correct.

Community will be able to propose any change in the platform feature, and then vote on it to approve/decline it.
This is great as the platform will now work according to what the majority users want.

They will also be able propose changes in staking return rate, burn rate or so. 👌👌

Eugen Nussbaum:
Indeed! Early audience feedback is so important in the industry!

Gold Rocket | Satoshi Club:
Well guys, thanks for your answers! ready for the next question?🚀

Kartik Arora | Will never DM first:
Always ready!! 🚀🚀

Q4 from Telegram user @Khur_eshi_Abr_aam
One of the features of MILC program is audience participation. So can you tell us more about how can audiences take part in MILC program ? What are the benefits that an audience will get for sticking your program in the long run?

Gold Rocket | Satoshi Club:
partially disclosed, but we ask you to add something important here 😊

Kartik Arora | Will never DM first:
Audience/Viewers will get multiple benefits through MILC platform.

Some points i made recently:

• More content (B2B + B2C)
• Global content in Local language
• Cheaper content
• Interact with producers directly
• Earn from early feedbacks
• User-friendly UI
• AI features for seamless experience

This explains it very well, but more info the deeper you go!
(Not limited to just one industry, Cheaper content as easy licensing and no middlemen, More Content, Invest in “Content Launchpad” and so).

Eugen Nussbaum:
It’s quite crazy, but e.g. a $15 million film (which is considered a small-budget film in Hollywood) might have a promotional budget that’s higher than its production budget. This is because many films that don’t have a built-in audience (like those based on best-selling books like “The Hunger Games” or even “50 Shades of Grey”) need to get people into the theater.
So thats why we are building this bridge and of course token holders will participate!

This is how the puzzle becomes a picture💪🎬

Just like in gif above 😄

Kartik Arora | Will never DM first:
😎😎🎬🎬

Haha, true!! 🤣

D. | Satoshi Club:
Cooool! 😎 will your platform have some affiliate function for users? or maybe VIP program for those why want to spend more? 😇

Eugen Nussbaum:
We could mention NFT-coproduction or stuff like that…but i am quite sure you don’t want to here about that 😁

D. | Satoshi Club:
What?! NFT! 🤩

Gold Rocket | Satoshi Club:
You’re wrong! we want to know about it 😁

Eugen Nussbaum:
🤭🤫

Gold Rocket | Satoshi Club:
We really love secrets at Satoshi Club😉

Eugen Nussbaum:
For sure a 50k+ community can keep secrets 🤣

Eugen Nussbaum:
We have our eyes open on the latest crypto & blockchain developments and just like we entered that industry and build the bridge between a very traditional and on the other side an incredibly fast moving development, we already have plans in the drawer for the next steps 😉

Kartik Arora | Will never DM first:
Affiliate and other stuff is something we can always work on, but one thing i will like to point out here:

In MILC platform, the content creator will be able to put a “price tag” on your content.
This way anyone who wants to reuse your content will be able to just pay you upfront, and then use the content in the manner he desires.
This makes the legal/licensing process much easier for both parties.

This is something which you dont see in other platforms.

Gold Rocket | Satoshi Club:
This is a rather original feature👍

Kartik Arora | Will never DM first:
We would love to share it, but everything in time.

We are working on the base as for now, many things to be finalised. 😊

D. | Satoshi Club:
Yep, this thing is quite new for me 🤔

Kartik Arora | Will never DM first:
Yes indeed! ⚡️💪

Gold Rocket | Satoshi Club:
Thanks guys! Ready for the next question?😊

Kartik Arora | Will never DM first:
Always!!
Lets go!

Q5 from Telegram user @yiselen
I am an independent creator and I want my products to be promoted on the MILC platform. What are the main requirements that I must meet in order to be approved for the investment of the project in the middle? How do I obtain a content license?

Eugen Nussbaum:
First of all there is of course a legal check to every content or idea uploaded.
But everything else is mainly up to the uploader, as we don’t aim to be another gatekeeper, but on the contrary aim to democratise and liberalise this industry.
Many successful movies were already realized via crowdfunding, so it’s up to the idea and the community if you are successful, or not. But of course we as a broadcaster have our eyes on new ideas as well and promising ideas will be picked!

Kartik Arora | Will never DM first:
So this is also a bit related to our “Content Launchpad” too.

In that a creator will provide a Demo/Trailer of his work, and then get funded “from the community” accordingly.
This is also something unique we are offering in our platform.

This will act as a career jump-start for many creators, and investment/feedback/supporter opportunity for many viewers.

You can create or choose a license of your content using the standards provided, and then put a price tag or other details to it accordingly.

Also the points mentioned by the big guy @WDWofficial_WillNotDMfirst 😉🎬

Gold Rocket | Satoshi Club:
Great answers!

Gold Rocket | Satoshi Club:
Lol😁

Eugen Nussbaum:
“Big guy” was the code-word, right? 😆

Kartik Arora | Will never DM first:
🤣🤣

Gold Rocket | Satoshi Club:
thank you very much for the information! Are you ready for the last question of this part?

Kartik Arora | Will never DM first:
Yes lets go for it! 🙌

Q6 from Telegram user @yellowchamp
I found out in your website that MILC has a numbers of advisors and those advisors are the CEO or Founder from different big platforms like Mantra Dao, Ferrum Network, X21 Digital,Zenfuse, Swiss Txt Ag, and TGood. So why do you need many advisors in your platform? What is the major role of those advisors in MILC? What are their share or contribution to the development and innovation of MILC? Since they are from different platforms, do you wish also to collaborate those platforms that they came from? Thank you

D. | Satoshi Club:
As i remember Mantra Dao and Ferrum Network were our guests🤔

Gold Rocket | Satoshi Club:
Quite right👍

Kartik Arora | Will never DM first:
Each of them are prominent people in their industry.
They all have a well-established network and are ready to connect us with the great individuals/teams they know.

This is good for us as our network and connections will only grow from here, and we can rely on them for advise for any important step we take in our future.

We are happy to have them onboarded, and are excited to get in touch with many new people through them.
Great times ahead for sure! 😊🙌

Eugen Nussbaum:
Our vision is to build a complete tokenized global media house, that for we will need all the power and support we can get on the whole world and that’s what our advisors additionally reflect 💪

Gold Rocket | Satoshi Club:
You’re right! We live in amazing times. And the mass adoption of crypto is proof of that.🚀🚀🚀

D. | Satoshi Club:
Satoshi clubbers let’s join @MILCplatform 💪 we need more people in this wonderful community! 🥳🚀

Kartik Arora | Will never DM first:
Amazing guys, thanks for the share! 💪

D. | Satoshi Club:
No problem 😃

Gold Rocket | Satoshi Club:
Guys, I want to ask you again to share important links before the open part of the AMA with Satoshi Clubbers🙏

Kartik Arora | Will never DM first:
Yes please join our community chat:
https://t.me/MILCplatform

Our Telegram Announcement channel for all updates: @milc_announcement

And please follow our twitter channel for all insights and informational tweets about MILC:
https://twitter.com/MILCplatform

Much more to come on our twitter! 💪🎬

Eugen Nussbaum:
This guy is fast 🏎

Gold Rocket | Satoshi Club:
Thanks for sharing! Join, Satoshi Clubbers🚀🚀🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @AZcrypro
Love your project, What inspires you to embark on such a great and prominent life changing project? Thanks

Eugen Nussbaum:
The idea and development for the project arose from our own decades of experience and the lack of a modern solution for content trading in the (professional) media industry. The business is still very one-sided and old-fashioned and and we have seen the need for everyone to be more involved and have a way to participate.

Q2 from Telegram user @JuanSB07
On the use of the MLIC platform, certainly the demand for MLT Token will increase with the growth of the MILC platform, but to provide constant growth do you have any marketing and advertising strategies? And what will the MILC platform offer to make more users want to get involved in it ?

Kartik Arora | Will never DM first:
Educational tweets every couple of days, Weekly Recaps, Explanatory Articles and other announcements are something which will be out from our side to educate the community about #MILC $MLT.

Don’t forget graphics, review articles, media publications etc from our partners and strategic investors (both crypto and non-crypto world) 😉

Q3 from Telegram user @Robotliker1
Do you have any plans integrating your project with NFT? Will there be the possible options to do staking and farming in future?

Eugen Nussbaum:
Absolutely…seems you have hidden microphones in our office 🕵️‍♂️🕵️‍♀️😉
We are observing this development and see huge potential for our industry in NFT implementation and we will also support MLT token staking too!

Q4 from Telegram user @K2ice
Elimination of intermediaries is is really important for the Ecosystem as they are known to exploit consumers and producers. How will MILC/MLT delve into eliminating these intermediaries?

Kartik Arora | Will never DM first:
Through blockchain smart contracts. 💯

Smart contracts are available 24×7, automative, and don’t charge any commission (like with distributors/middlemen).
Standard licenses can be uses through these blockchain smart contracts, removing need for third-party firms.

Plus because of the decentralised nature of blockchain, the uploaded content is available all around the world in one go.

Q5 from Telegram user @Boylut
Is your platform internally tested with other media indsutry firm?

Eugen Nussbaum:
Yes it is! 💪
Content and advertising storage, management, transcoding, delivery, etc. are handled via it and pass the stress test every day on two networks. External producers and advertisers already use the platform besides our own networks.

Q6 from Telegram user @Guandog
Can you tell us a little more about the importance of your partnership with SwissTXT?

Kartik Arora | Will never DM first:
SWISS TXT is a subsidiary of SRG SSR (public Swiss broadcasting company), which offers ICT/Infrastructure, video and accessibility solutions.

They are in this industry since 1983!

Great team of people helping us in the development of MILC platform.

More about SwissTXT: https://www.swisstxt.ch/en/

Q7 from Telegram user @lahkoklu
Can you tell what incentives other than to buy and the $MLT token holder from the $MLT token staking is there a way to attract investors in buying and more $MLT token holders?

Kartik Arora | Will never DM first:
I explained the utility of $MLT in our previous round, but lets cover token value capture here.
$MLT token will capture value through platform adoption.

• Purchases happening on MILC platform will require FIAT or MLT token.
• If paid with FIAT, our integrated exchange API will just convert it into MLT token as MLT token is required for all payments in MILC platform. It acts as a one-step solution to contract signature, approval and payment.
• Plus a certain percentage of the transaction fees will also be burned, thus $MLT token will be a deflationary token.

Q8 from Telegram user @Winner_don
There are major competitor like amazon, YouTube e.t.c. What are the competitive edges your project have in a way that it will draw more users to the platform? I know that the content consumers and the content creators can easily make money through the platform. Is there any opportunity for the audience/viewers?

Eugen Nussbaum:
VOD platforms like Amazon, Netflix & YouTube or any other publisher is not our competitor, but our potential customer. We are a marketplace first of all and these guys are spending billions on licensing content!

Q9 from Telegram user @Antoni_azx
The MILC Marketplace will be available for user-generated content like Youtubers and non professionals but isn’t clear to me what benefits will this freelance users seek on a Marketplace like yours? What are the main attractions of being part of MILC that isn’t in other platforms like Youtube?

Kartik Arora | Will never DM first:
There are many benefits, but proper monetization and easy licensing of the generated content are the two big points which makes us different from other such paltform.

Put a price tag on your content, and then any broadcaster/creator can pay and reuse it easily. Licensing is easy as you have already put all details with the price tag.

Q10 from Telegram user @BJosefina61
In your roadmap you include “AI implementations”, can you explain what this is about?

Eugen Nussbaum:
E.g. AI-Subtitling and translation are so useful to make the content available all over the world in an understandable or local language. Automatic image recognition will make the search way easier and more efficient.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of MILC. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:
MILC Telegram community:      https://t.me/MILC_MLT
Twitter:     https://twitter.com/MILC_MLT

We are pleased to announce our next AMA on April 20th 2021 at 03:00 PM UTC Time: Satoshi Club x Astronaut

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Astronaut Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Astronaut Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Astronaut

For more details:
Astronaut Website – astronaut.to
Astronaut Telegram – @astronautbsc
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 17th 2021 at 03:00 PM UTC Time: Satoshi Club x Dogira

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Dogira Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Dogira Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Dogira

For more details:
Dogira Website – dogira.net
Dogira Telegram – @dogiratoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 24th 2021 at 01:00 PM UTC Time: Satoshi Club x Crypto Prophecies

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Crypto Prophecies Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Crypto Prophecies Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Crypto Prophecies

For more details:
Crypto Prophecies Website – thecryptoprophecies.com
Crypto Prophecies Telegram – @cryptoprophecies
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 15th 2021 at 03:00 PM UTC Time: Satoshi Club x Disciplina

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Disciplina Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Disciplina Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Disciplina

For more details:
Disciplina Website – disciplina.io
Disciplina Telegram – @disciplinaofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 14th 2021 at 03:30 PM UTC Time: Satoshi Club x Decus

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Decus Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Decus Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Decus

For more details:
Decus Website – decus.io
Decus Telegram – @decus_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from EQUOS. The AMA took place on April 8th, 2021 and our guest was @rb2323. The total reward pool was 1500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

 

Маry Satoshi CLUB: Hello Satoshi Club! We are happy to announce our AMA session with EQUOS! Welcome to Satoshi Club😀

 

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are very glad to conducting AMA with EQUOS! Today our guest is Richard from EQUOS😃

 

Маry Satoshi CLUB: @rb2323 welcome here 😀

 

R B: Hi there Satoshi Club, thanks Mary and Gold Rocket

 

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @rb2323!😊

 

Маry Satoshi CLUB: How are you today?😉

 

R B: Great thanks 🙂

 

Маry Satoshi CLUB: Let’s start our AMA 🚀

 

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & EQUOS?😊

 

R B: Sure. My name is Richard Byworth and I am the CEO of EQUOS and Diginex, the parent company of Diginex listed on Nasdaq

 

Gold Rocket | Satoshi Club: What is the essence of your project?

 

R B: I was originally an investment banker and moved into crypto at the end of 2017 after realising that the financial industry was going to be seriously challenged by this and other new technologies. EQUOS is an exchange

 

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from EQUOS? good background for the project 😊

 

R B: We are focused on bringing people a full private bank type experience. This means a place where you can go and touch all of your investments, monetize your portfolio to a better degree and improve it with derivatives and borrow and lending of your assets. Equos has been being built for two years. Today we do between 30-50mln of volume

 

Маry Satoshi CLUB: Long time, you prepared well😉

R B: with a core focus on the perpetual product, with options and dated futures still to come

 

Gold Rocket | Satoshi Club: Sounds great 👍

 

R B: Today was a big day… Today was the first day of trading and the full launch of EQO. our exchange token

 

Маry Satoshi CLUB: Wow, congratulations! 🚀

 

R B: Thanks. Holders of EQO receive a number of benefits that are unique to EQUOS.

 

This includes reduced trading fees, access to future airdrops, staking rewards, collateral against derivatives transactions, and enhanced interest for crypto lending. There will also be a buy back and burn mechanism implemented once the token has been fully distributed.

 

Gold Rocket | Satoshi Club: wow! Congratulations! This is a major milestone for the project.

 

Маry Satoshi CLUB: Were your expectations fulfilled?😉

 

R B: Good question…. the token was structured like bitcoin. you can only earn it (no pre sale or sale) and the earnings are every day for traders on the platform and people who continue to hold it, earn more every day through staking every 90 days supply halves

 

Маry Satoshi CLUB: Very nice incentives for your traders!

 

R B: it is issued over two years

 

Маry Satoshi CLUB: Not every 4 years?😉

 

R B: and… there will only ever be 21million 🙂

 

Маry Satoshi CLUB: It will be faster than with BTC😀

 

R B: Its early, and today was the first day of trading. But we saw issuance of 1mln today as a special issuance for traders that were active over the past three weeks. From this point forward daily issuance drops to around 100k until the first halving

 

Маry Satoshi CLUB: It was a special event for them?

 

R B: It was the activation period. We issued 10blocks today going forward 1 block per day

 

Маry Satoshi CLUB: Gotcha! Your traders should be very happy today!

 

R B: Yes people are over the moon

 

Маry Satoshi CLUB: What a time to be alive 👍😉

 

R B: And as they are earning more tokens every day just by staking / holding, very little for sale in the secondary

haha

 

Маry Satoshi CLUB: Sure, it makes sense 🙂

 

R B: If anyone is interested they should check out the whitepaper: https://equos.io/eqotoken/ . The team behind it: Kelvin, Neil and Shane have done a truly amazing job

 

Маry Satoshi CLUB: Sure, a lot of our members already read it, but for those who missed thus important document it will be very useful!

 

Gold Rocket | Satoshi Club: A good team is half the battle!👍

 

Маry Satoshi CLUB: After your intro, Richard, i want to know everything about EQUOS! We have some questions about your project from our users! Are you ready for them?

 

R B: Its a long doc, but the whole thing is summarized in the first three pages. Yes ready!

Q1 from Telegram user @nadee5

There are so many trading platforms…But selecting right trading platform is very important … Can you tell What are the good reasons to select EQUOS platform to trade ? What are the unique features you have introduced to EQUOS platform than the prevailing similar projects ?

 

R B: 1. It is part of a Nasdaq listed company – hence SEC approved and Nasdaq levels of governance and oversight

2. Operates under the Singapore regulatory framework PSA from Monetary Authority of Singapore

3. All coins are checked for provenance on the platform so you cannot end up buying tainted or dark coins

4. All listings go through a strict listing committee: no scams

5. Security personnel from government agencies and platform pen tested by NCC Group, same group that tests amazon and google

6. Products: Derivatives, Borrow and Lending (coming soon), EQO 🙂 – if you trade on EQUOS

7. KYC / AML standards – we aren’t going to get shut down by a regulator – we have the highest standards

8. We will never trade against you. We only have external market makers on our exchange. And we act as a regulator of our markets to make sure it is always fair

 

Маry Satoshi CLUB: How soon? Do you have approximate terms?😀

 

R B: This quarter will see all user defined margin, managed accounts, multiple fiat onramps (12 more!) and cross collateralisation

 

Маry Satoshi CLUB: How many users do you already have?😀

 

R B: By summer: Options, Futures, Borrow /  Lend, and daily auction feature. We are a public company so I cannot unfortunately disclose information that is not in the public domain, we have not disclosed users

 

Маry Satoshi CLUB: Important features! Gotcha! Thank you for your answers! Ready to proceed?

 

R B: lets do it

 

Gold Rocket | Satoshi Club: Thank you very much for your answers! 👍

 

Q2 from Telegram user @johana0012

 It is my understanding that shortly after the initial launch of EQO, EQUOS will introduce the functionality to yield returns on different asset balances within portfolios in EQUOS, powered by Digivault. Will this mean, for example, Bitcoin holders in EQUOS will be able to get a return on Bitcoin? How is the main utility of EQO supported? By what percentage will EQO increase the returns available to customers by a factor?

 

R B: That is correct @johana0012 – as an example, if you have 50,000USD of Bitcoin, and you hold 50,000EQO against it, the yield rate on your Bitcoin will increase by 10% (minimum) – so if you are earning 5%, you will boost that to 5.5% by holding EQO at a minimum. More importantly, at every halving, EQOs power ratio increases, so after the first halving you will only have to hold 25,000 EQO to power up the yield on 50,000USD of Bitcoin

 

R B: the power ratio increases every halving until the last when 1 EQO powers 8USD of an asset

 

Маry Satoshi CLUB: So, how much BTC will i need to hold  after last halving?😀 If i had 50000$ at the beginning. Sorry, EQO)

 

R B: haha its more about EQO, if you still hold 50,000 USD worth of BTC, you would only need to use6250 EQO to boost the yield by a minimum of 10%

 

Маry Satoshi CLUB: Gotch, nice numbers!

 

R B: so you can see how the price of eqo is engineered to go in one direction 🙂

 

Маry Satoshi CLUB: We should start to collect EQO now or cry later?😂

 

R B: Reward blocks are the biggest at the beginning – ie now. Launch was today…. so get onboarded to Equos.io and start earning.

 

Gold Rocket | Satoshi Club: Sounds prospectively😉

 

Маry Satoshi CLUB: Thank you Richard for your answers! Ready to jump to the next one?

 

R B: Definitely

Q3 from Telegram user @Karoceh

What do you think about the future competition for CEX and DEX? Do you agree with the opinion that DEX will dominate CEX in the future? Why does EQUOS prefer to build on the CEX platform over DEX?

 

R B: Good question @Karoceh, EQUOS was designed to welcome institutions to the industry. While DEX are interesting at this point, institutions cannot use them. We designed all the features for institutions that ultimately massively benefit retail, not least not manipulating markets or trading against them but also extremely low fees

 

Маry Satoshi CLUB: We got your point 😊

 

Gold Rocket | Satoshi Club: What about the security of your platform?

 

R B: Our security team are ex government special divisions from US and UK .Our platform is penetration tested by NCC group, one of the world’s leading pen testers, who also pen test google and amazon. security is of utmost importance to us

 

Gold Rocket | Satoshi Club: Have smart contracts been audited?

 

R B: Yes EQO has been audited by an external firm as well as our own blockchain strategy team

 

Маry Satoshi CLUB: I see that hackers will bypass your exchange😀

Gold Rocket | Satoshi Club: Thanks for the answer! ready for the next question? 😃

 

R B: we get attempts every day, of course… but our team is solid and the whole organisation is trained against spear phishing attempts. yes lets go!

 

Q4 from Telegram User @konditer_rolex

When I tried to go to your site, this inscription appeared: “The Amazon CloudFront distribution is configured to block access from your country ….” Of course, I found a way to enter the site, but there I was in for another not pleasant surprise. When trying to register on the exchange, I did not find my country in the list of proposed ones. And without this, registration is impossible. Obviously, now your project is not interesting to me, since it turned out to be impossible to use. But it is very interesting to know on the basis of what you set restrictions on registration and in general about the security measures on the platform

 

R B: Hi @Konditer_rolex – I am very sorry to hear about your experience. Unfortunately we have blocks on a few countries due to regulatory issues: US, Malaysia, Singapore and Japan are currently blocked

 

Маry Satoshi CLUB: Not only, i also couldn’t access it

 

R B: where are you from Mary? or more importantly where are you resident

 

Маry Satoshi CLUB: Ukraine

 

R B: There should not be any issue with Ukraine.. I will check with the team. I am sorry to hear that.

 

Маry Satoshi CLUB: Sure! Thank you! Also i want to ask you if it is mandatory to pass KYC verification on your platform or you have some limits for deposits/withdrawals without it?

 

R B: Mary, I will message you after and make sure we get you onboard

 

Маry Satoshi CLUB: Of course! Thank you!

 

R B: We do take KYC very seriously for the protection of everybody on the platform. It is necessary to pass KYC for withdrawals. ID is required before depositing crypto, and proof of address needed for withdrawals

 

Маry Satoshi CLUB: Gotcha! I see that you take seriously all aspects of your business!

 

R B: We’re serious people 🙂

 

Маry Satoshi CLUB: Btw, that’s nice that you warn before deposit😀 Because some platforms don’t do thus and users are ‘confused’ when realize that they can’t withdraw. Thank you for your answers, Richard 😀 Ready to go to the next question?

 

R B: Always. Just keep firing them at me

Q5 from Telegram User @yellowchamp

In Equos, Fee levels are based on trade volumes. The more you trade, the less you pay. So,can you explain more about this statement? So if we trade more with Equos,the fee that we will pay will be lesser as time goes by? Can you tell us more about the Fee levels in Equos? Is there a maximum volume of trading to reach in order to pay less in trading? Thank you

 

R B: That’s right, here are the fee levels: https://equos.io/exchange-fee-schedule/. And to be clear, time doesnt need to go by, as soon as you start hitting higher levels on a run rate basis, your fees will drop as you pass through the tiers

 

Маry Satoshi CLUB: That’s really exciting!

 

Gold Rocket | Satoshi Club: you have a good plan👍

 

R B: But now if you also hold EQO you can reduce your fees even further. We’ve created a fee calculator so you can work out your fee reductions, here: https://equos.io/eqotoken/

 

 

Маry Satoshi CLUB: Fantastic! Everything is simple and clear!

 

R B: if you scroll down on that page it shows all the calculators in fact

Part 2 — live questions from the Telegram community

Q1 from Telegram User @alyaakin

If the customer wants their private wallet keys from the Equos, will it be possible to get the keys?

R B: Hi Alya, the exchange is supported by Digivault (our highly secure custodian), if you wanted to manage the keys more directly, you can set up a direct account with Digivault, but for the exchange we manage withdrawals (transactions) through our own multi key governance process

Q2 from Telegram User @K2ice

Since you are not offering the EQO token for sale, how then can users get the EQO tokens and utilize them?

R B: Hi Hakeem, there are three ways to get EQO:

trade on the platform: you earn it daily

2. Hold the tokens – you earn more daily

or 3. buy the tokens in the secondary market on EQUOS

Q3 from Telegram User @Johana0012

I understand that by maintaining EQO in EQUOS it will also entitle clients to discounts on their trading fees. On what basis will these discounts be calculated? Will the discounts be implemented through the amount of EQO that the customer has? At how many levels will the balances be updated? @rb2323

R B: Basically certain amounts of EQO push you up through the fee tiers, 10,000, 50,000, 100,000 and 500,000 – taking you through to top fee tier in case you missed me answering Johana 😉

Q4 from Telegram User @Robotliker1

For a kyc do you have any restriction for US users? Also can you please tell me what is the daily withdrawal limit per day?

R B: Unfortunately US users cannot use our platform ay this time.

Q5 from Telegram User @anh1973

$EQO uses cases????

R B: Staking, Collateral for derivatives and loans, fee reductions, airdrops, and yield enhancement on other assets

Q6 from Telegram User @alaskasb

How does the transparent orderbook that EQUOS offers its users to trade? Is this orderbook constantly updated in the cloud? How do you control and verify the same information for so many orderbooks? Will only people who complete their KYC have access to this book?

R B: The order book is the bid offer spread. The point of that statement is that there is nobody with privileged information on the book (like at nearly every other exchange) who is effectively trading against you

Q7 from Telegram User @testercoin

After you launch other properties on this quarter what max leverage are we going to see on Equos?

R B: More products coming for sure and more coin listings all this quarter. Leverage maxes out at 125x, but we limit the amount users can do at those levels (given the volatility, this is highly dangerous), professional traders generally stick to around 3-5x

Q8 from Telegram User @Guandog

Can you explain the origins of the name EQUOS, if it has any special meaning for you?

R B: Great question Lun Mei. Equos is about equality… all our customers are treated equally. EQUOS also has implications of horses and raw power. EQUOS is focused on leading the industry as we continue to evolve the platform.

Q9 from Telegram User @Yiselen

As Diginex Group develops its other businesses, it will launch additional tokens to drive business results within those companies. EQO stands for EQUOS Origin and, as its name suggests, it is the first of the utility tokens within the group’s ecosystem. What will they receive in recognition of such? Will EQO token holders get an allocation?

R B: Yes Yiselen, that is correct. As we issue more tokens across the eco-system, holders of EQO will benefit from airdrops of those tokens as a thank you for being early supporters of the platform.

Q10 from Telegram User @azrayeni

On the website it says we will never trade against you so is it true that some exchanges trade against us?

R B: Yes this is true. Nearly every other crypto exchange has a trading desk that makes markets on their platform with all the information about who is going to be liquidated where, so if they push the market there then they can make easy money by forcing liquidations..

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of EQUOS. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1200$. For more information and future AMAs, join our Social Media channels: English Telegram group: https://t.me/Satoshi_club Russian Telegram group: https://t.me/satoshi_club_ru Spanish Telegram group: https://t.me/satoshi_club_spanish Telegram Channel: https://t.me/satoshi_club_channel Twitter: https://twitter.com/realsatoshiclub Website: https://esatoshi.club/ Our partners: EQUOS Website – equos.io
EQUOS Telegram – @equosio

 

We are pleased to announce our next AMA on April 14th 2021 at 01:30 PM UTC Time: Satoshi Club x Props Project

⚠️Click to see the hour
⚠️Total Reward pool: $1500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Props Project Telegram group

We will have the following structure:

Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 150$/15 users – Open chat for 120 seconds. You can post Max 3 questions. Props Project Team will select 15 questions and answer them.

Part 3: 1200$ – A quiz about Props Project

For more details:
Props Project Website – propsproject.com
Props Project Telegram – @propsproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 13th 2021 at 03:00 PM UTC Time: Satoshi Club x disBalancer

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join disBalancer Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. disBalancer Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about disBalancer

For more details:
disBalancer Website – disbalancer.com
disBalancer Telegram – @disbalancer_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish